The short version: A payslip is the breakdown your employer gives you each time you’re paid. It shows your gross pay, all the deductions, and your take home amount.
What’s on a payslip?
Your gross pay (before deductions), Income Tax deducted, National Insurance deducted, pension contributions, student loan repayments if applicable, your tax code, your net pay (what actually hits your bank account), and sometimes year to date totals.
Why should you check it?
Mistakes happen. Wrong tax codes, incorrect deductions, missing overtime. If something looks off, raise it with your employer or payroll department.
Do you need to keep them?
It’s a good idea. They’re useful for checking your P60 is correct, supporting mortgage or loan applications, and proving your income if there are ever disputes.
What if you’re self employed?
Self employed people don’t get payslips because they’re not employees. You invoice for your work and track your own income and expenses.
Something not adding up on your payslip? Get in touch and we’ll help you check it.
